Bill Gross's Bond Fund Assets Fall to Lowest Since November 2014
- Investors pull money in July for fifth straight month
- Assets drop to $1.25 billion amid loss of 7% this year
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Investors pulled money from Bill Gross’s bond fund for the fifth consecutive month in July, reducing assets to the lowest since November 2014, less than two months after he took over the go-anywhere pool.
The Janus Henderson Global Unconstrained Bond Fund suffered more than $200 million in redemptions last month, according to Bloomberg estimates. That helped lower the fund’s assets to $1.25 billion compared with February’s all-time high of $2.24 billion.